Hand tools or power tools? I have a mix in both categories. Especially hand planes, the older Stanley Baileys and Bedrocks are as good as they ever were once tuned up. In power tools many of the older ones can be rebuilt to be very serviceable. Whether I prefer new to old usually depends on what it is, I guess.
"I long for the day when coke was a cola and a joint was a bad place to be" Merle Haggartd